Guideline Value for Bramanar Street

Bramanar Street guideline value

The current guideline value of Bramanar Street is Rs 400 per sq.ft, effective from 1 July 2024. This street is located in Katrampakkam B village and falls under the Sriperumpudur SRO. The land classification for this area is Residential Class I Type - I.

How the guideline value of Bramanar Street has changed

Over the years, the guideline value of Bramanar Street has seen notable changes. The 2017 revision recorded a guideline value of Rs 268 per sq.ft. This figure remained unchanged in the subsequent 2023 revision, which also listed the value at Rs 400 per sq.ft. The current 2024 revision maintains this figure at Rs 400 per sq.ft, showing no change from the previous year.

From 2017 to 2023, the guideline value increased by 49%. Overall, from 2017 to 2024, the guideline value has also risen by 49%. The register has no figures for the revisions in 2002, 2003, 2007, and 2012 for this street.

Guideline values in Katrampakkam B

Katrampakkam B village has a total of 44 streets under the Sriperumpudur SRO that carry a 2024 guideline value ranging from Rs 150 to Rs 800 per sq.ft. The median value for these streets is Rs 275 per sq.ft, placing Bramanar Street's 2024 figure above that median.

• Chelliamman Nagar: Rs 500 per sq.ft (2024)
• Cine Production Assistant Nagar: Rs 500 per sq.ft (2024)
• Balaji Nagar: Rs 300 per sq.ft (2024)
• Bajanai Koil Street: Rs 400 per sq.ft (2024)
• Ganapathy Nagar: Rs 250 per sq.ft (2024)
• Adhiparasakthi Nagar: Rs 400 per sq.ft (2024)

Stamp duty and registration fee for property in Bramanar Street

For a 1,000 sq.ft plot at the current guideline value of Rs 400 per sq.ft, the total guideline value amounts to Rs 4,00,000. The stamp duty at 7% would be Rs 28,000, and the registration fee at 2% would be Rs 8,000, bringing the total fees to Rs 36,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price. You can use the stamp duty and registration fee calculator for more details.

Which Sub Registrar Office covers Bramanar Street?

The Sub Registrar Office that covers Bramanar Street is the Sriperumpudur Sub Registrar Office, located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. You can find your SRO for more information.

How the guideline value is used when you buy or sell in Katrampakkam B

The guideline value plays a crucial role in the registration process when buying or selling property in Katrampakkam B. It determines the minimum value at which a property can be registered, ensuring that the property is assessed fairly based on its location and classification.

When a transaction occurs, the stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. This ensures that the state receives the appropriate revenue from property transactions.

Frequently asked questions

What is the current guideline value of Bramanar Street?

The current guideline value of Bramanar Street is Rs 400 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value of Bramanar Street has remained at Rs 400 per sq.ft from 2023 to 2024. It increased from Rs 268 per sq.ft in 2017 to Rs 400 per sq.ft in 2023, marking a 49% increase over that period.

What is the land classification for Bramanar Street?

Bramanar Street is classified as Residential Class I Type - I. This classification affects the guideline value and the types of developments permitted in the area.

Where can I find the Sub Registrar Office for Bramanar Street?

The Sub Registrar Office for Bramanar Street is located at 27, Chetty Street, Sriperumpudur-602 105, Chengalpattu registration zone. This office handles the registration of properties in the area.

How are stamp duty and registration fees calculated?

Stamp duty and registration fees are calculated based on the guideline value or the sale price, whichever is higher. For example, for a property valued at Rs 4,00,000, the stamp duty would be Rs 28,000 and the registration fee would be Rs 8,000.